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Well. Looks like my theory that funds won't buy in before dividends is not true for all funds.
We stand a better chance if we don't hear En Banc opinion until June/July. 5-6 month mark. Means they're writing up their disagreement with the lower court.
Government is going to have to give back the over payment.
They need to get rid of the current charter and exit cship to bring in new investors. No fund will put their money into a company if it can be swept away by the govt the very next day, or next year for that matter.
Also large funds look for value in companies offering dividends. This doesn't mean a buy-in to a company with a verbal promise that dividends will be offered later. Got to have dividends paying before funds will buy.
Interesting that Calabria did not say we set a path then we can get them out of conservatorship.
They are revising their story to match their agenda. Not long ago Mnuchin told Maria Bartriomo that the FnF money was used to pay for Obama Care.
You're so correct Navy. Can't wait to hear Calabia speak Tuesday.
IMO they spin the story that the nws went to escrow. The general public won't know the difference.
Everyone in the Washington area knows that a security badge is needed just to get into the door. That is not available to anyone except employees.
To attract large investors FnF need to pay dividends.
Today or tomorrow.
En Banc must be favorable.
That was about a month and a half ago. We have about 4 and a half months of prison time, then we're free.
Out of cship coming soon.
IMO Mnuchin will say the sweep money was put in escrow and is now returned. If he says that the govt pays back the stolen money, taxpayers might get riled up. Easy way out is to say the sweep money went to escrow.
Buffett is using syergy between Clayton manufactured homes and FnF.
Already he's bringing new business to FnF.
$$$$$
En Banc ruling will be in time for summer fun.
Hmmm, now let me see.
Thank you sir.
There was a cancelled reconfirmation notice?
That's not normal for fnmas and fmckj
I checked these preferreds and they stopped trading before 4:0
fmcct fmccp fnmat fmckj fnmas
Remember the surge earlier in fmcko?
Last trade 2:06
https://finance.yahoo.com/quote/FMCKO?p=FMCKO
FMCKJ last trade 3:56
https://finance.yahoo.com/quote/FMCKJ?p=FMCKJ
Shouldn't there be official news of a halt?
Certainly appears that fnmas was halted
FNMA +0.81% V1.65M - FNMAS -0.27% V0.23M Halted 15:45h !!
I agree.
Excellent question.
My opinion that the nws will not be made June 30 is based on the likelihood that En Banc results will be announced soon in our favor.
I doubt we make the June 30 payment.
We'll see
Calabria says actions violate HERA
Exactly. Calabria is not going to modify the amendment to stop the nws just to turn around and modify it again to get them out of cship. Once and done.
Nice. Give back the overpayments and we are there.
Notice that there were no questions on either the Fannie nor the Freddie CCs this morning.
What did Freddie spend $2.4 billion on last year?
I doubt we have to wait until June to know the outcome.
They're keeping us steady at these prices.
Market maker signal 200 is:
I need shares badly but do not take the stock down
You can add Ginnie in the mix as well.
Excellent thought.
CSP will do the securitization. GNMA, FNMA, and FMCC will be insurers.